Leavitt told reporters on Thursday that these are the taxes priorities of the Trump administration that the president has set out for people of that meeting now: no taxes on suggestions, which is clearly a very common campaign promise, no tax on elderly ‘ Social Security, no tax on overtime pay, and no renewal of President Trump’s 2017 middle-class tax breaks.
Leavitt stated that Trump would work with Congress to change the state and local tax deduction cap, eliminate the carried interest tax deduction loophole, and pass tax cuts for made-in-America products.
” This will be the largest tax cut in history for middle-class working Americans”, the press secretary added. ” The president is determined to work with Congress to accomplish this.”
As Leavitt told reporters, Trump’s meeting with House Speaker Mike Johnson, which started at 11 a.m., was taking place amid disagreements over how Republicans in the House and Senate should proceed to keep the government open after March 14 and how to finance some of the president’s policy priorities.
The meeting comes one day after Senate Budget Committee Chair Lindsey Graham (R-SC ) announced he would commence marking up the Senate’s own$ 300 billion budget resolution next week, including money for the Pentagon, border security, and energy programs, as opposed to deferring to Johnson and the House.
Graham and Senate Majority Leader John Thune (R-SD ) want to pass a second reconciliation bill to implement Trump’s tax proposals. Trump, Johnson, House Ways and Means Chair , Jason Smith , (R-MO), and Budget Chair , Jodey Arrington , (R-TX ) would prefer a single reconciliation bill, arguing it will be easier to pass.
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The other issue is with Tesla, SpaceX, and X CEO Elon Musk‘s attempt to make significant spending cuts.
